Oxford cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexOxfordAlabamaNational
Cost of living index8889100
IndexOxfordAlabamaNational
Goods & Services index9396100
Groceries index9597100
Health care index8487100
Housing index7473100
Transportation index8892100
Utilities index102104100
A general overview of the cost of living index for Oxford, AL is displayed above. In Oxford, AL, the overall cost of living index is 88, which is 2% lower than the Alabama average and 12% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Oxford, AL, the city's goods and services are 4% lower than the Alabama average and 7% lower than the U.S. average.

Did you know?

  • The cost of living in Oxford is 2% lower than the Alabama average.
  • The cost of living in Oxford is 12% lower than the national average.
  • The cost of housing in Oxford is 26% lower than the national average.
  • Alabama general sales tax is 21% lower than the national average.
  • Alabama state income tax is 10% lower than the national average.

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Salary Calculator

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Use the salary calculator to compare your current salary in Oxford, AL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Oxford, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Oxford, AL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,531$4,711$1,319$1,696
Renters$39,755$3,313$928$1,193
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Oxford, AL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Oxford, AL has a median income of about $56,531 for people who own homes. Based on that number, a person should spend a maximum of $1,319 on expenses related to housing. Renters have a slightly different median income, which is $39,755. Based on this average, renters should spend no more than $928 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
One thing to keep in mind when considering the cost of living in Oxford, AL is the Alabama sales tax and Alabama income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Alabama sales tax rate is 4% and the maximum surtax that can be charged is 10%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Alabama income tax rates range from 2% to 5%.

Goods & Services

ItemOxfordNational avg.Difference
Haircut $14.48$15.566.9%
Beauty Salon $30.73$36.1114.9%
Toothpaste $1.80$2.4727.2%
Shampoo $0.78$0.9619.2%
Movie $9.28$10.138.3%
Bowling $4.54$4.744.1%

Groceries

ItemOxfordNational avg.Difference
Ground Beef $3.56$3.9810.6%
Fried Chicken $1.32$1.416.1%
Milk $3.41$2.0665.2%
Potatoes $3.67$2.9823.0%
Pizza $8.61$9.479.1%
Beer $8.18$8.797.0%

Health Care

ItemOxfordNational avg.Difference
Optometrist $86.69$101.0414.2%
Doctor $79.22$107.4426.3%
Dentist $75.17$90.4216.9%
Ibuprofen $8.86$9.284.6%
Lipitor $392.39$426.508.0%

Housing

ItemOxfordNational avg.Difference
Home Price $121,900.00$175,700.0030.6%
Avg. Mortgage Payment $836.06$1,133.2326.2%
Apartment Rent $792.00$920.0013.9%

Transportation

ItemOxfordNational avg.Difference
Gasoline $1.78$1.9910.5%
Tire Balancing $38.64$45.7615.6%

Utilities

ItemOxfordNational avg.Difference
All Electricity$183.61$163.8112.1%
Phone $25.06$28.3911.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
West End-Cobb Town, AL3,82178-22%
Hobson City, AL81278-22%
Munford, AL1,40182-18%
Weaver, AL3,07283-17%
Saks, AL10,44583-17%
Oxford, AL21,25088-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Harvey, LA21,24794-6%
Orchards, WA21,25911010%
Oakdale, CA21,26011212%
Kenmore, WA21,26315151%
Pace, FL21,27296-4%
Oxford, AL21,25088-12%
Source: The Oxford, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.